With a pledge to consume one of their most popular food combos, the McDonald’s Happy Meal, the world’s richest man is asking one of America’s oldest fast-food restaurant franchises, McDonald’s, to accept Dogecoin as a form of payment for its meals.
Elon Musk is back on Twitter promoting Dogecoin, just weeks after his electric vehicle firm, Tesla, began accepting the joke coin for purchases of belt buckles, chargers, and other Tesla-related products.
In the midst of a market meltdown that has seen the flagship cryptocurrency asset Bitcoin drop 50% of its value from its all-time high, prominent crypto entrepreneurs and supporters shared memes on Twitter about working odd jobs.
They were joined by McDonald’s, the worldwide fast-food behemoth noted for its ‘M’ shaped chart formation on Bitcoin’s weekly and monthly charts, which has been connected to temporary Bitcoin (BTC) market crashes.
The President of El Salvador, Nayib Bukele, has joined the meme frenzy by posting a picture of himself in a McDonald’s outfit as his Twitter profile image. He then conducted a poll to determine whether he should quit his job at McDonald’s and launch a Bitcoin burger joint. According to the results of the poll, 86.4 percent of the 83,618 voters said “yes.”
McDonald’s also got in on the action by tweeting about it:
“how are you doing people who run crypto Twitter accounts.” Binance’s official twitter account responded to the question with a picture of a crying face hidden behind a smiling mask. “McDonald’s consoled the world’s biggest crypto exchange with a “wagmi,” short for “we are gonna make it.”
Despite the fact that McDonald’s has yet to respond to Musk’s comment, many on Twitter are urging the company to take him up on his offer.
Musk has long been a proponent of Dogecoin. He sparked interest in the token, causing its price to rise to about 70 cents in May 2021, right before the market crisis, when it lost more than half of its value.
Dogecoin market valuation surpassed $90 billion at one point, making it more valuable than Moderna, Snowflake, Uber, FedEx, and BMW. Based on overall market capitalisation in the cryptocurrency ecosystem, Dogecoin was ranked as high as fifth.
The price of Dogecoin has not changed significantly since the tweet, but it is still too early to say whether the tweet will have an impact on the joke coin’s price. The news that one of America’s oldest fast-food restaurants is taking Dogecoin, on the other hand, bodes good for Dogecoin’s price and adoption.
02 Feb 2023
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